Would you please help!!!

Durbnyk Corporation, a calendar year, accrual method C-corporation, purchased and placed in service the following new assets on the following dates:

Date	Asset	Cost
3/20/2019	Computers	$300,000
4/17/2019	Office furniture	$800,000
10/5/2019	Gen. Manufacturing Equipment	$1,700,000
9/14/2019	Manufacturing building	$2,500,000

Dubnyk Corporation purchased no other assets during 2019 and the net income for 2019 is $10,000,000 before taking cost recovery deductions info account.

1. What is the maximum federal cost recovery deduction Dubnylk Corporation may take in 2019 assuming the company elects S179 expense and elects out of bonus depreciation? Please show your work and explain your calculations.

What is the federal cost recovery deduction Dubnyk Corporation may take in 2020 on the computers asset? ( you do not need to calculate the federal cost recovery deduction on the assets placed in 2020) Please show your work and explain your calculations.

What is Dubnyk Corporations adjusted basis in the computers at the end of 2020? You do not need to calculate adjusted basis on the other assets as of the end 2020) Please show your work and explain your explanations.

How would you answer 2 (a) above if Dubnyk Corporation does not elect out of bonus depreciation in 2019? That is, what is the maximum federal cost recovery deduction Dubnyk Corporation may take in 2019 assuming the company elects S179 expense and does not elects out bonus depreciation? Please show your work and explain your calculations.

Answers:

A.

Date	Life	Assets	Cost	Section S179	Depreciation Basis	MACRS Rate	Total Depreciation
2019	5	Computer	$300,000		$300,000	20%	$60,000
2019	7	Office Furniture	$800,000		$800,000	20%	$53,333
2019	7	General Manufacturing Equipment	$1,700,000	$1,020,000	$680,000	14.29	$97,172
2019	39	Manufacturing Bldg	$2,500,000		$2,500,000	14.29%	$211,492
			$5,300,000	$1,020,000	$4,280,000		$421,997

800,000x20%/3= 53,333

1,020,000 + 421,997= 1,441,997 total depreciation

B.

Date Assets Cost Rate Depreciation

3/20/19 Computer $300,000 20% 60,000 First year cost recovery deduction

C.

300,000 x24.49%= $73,470 second year recovery deduction

300,00060,000-73470= $166,530

D. not sure how to start.